Impax Asset Management Group plc Has $4.52 Million Stake in McDonald's Corporation (NYSE:MCD)

Impax Asset Management Group plc boosted its position in shares of McDonald's Corporation (NYSE:MCD - Free Report) by 15.2% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 14,465 shares of the fast-food giant's stock after purchasing an additional 1,904 shares during the quarter. Impax Asset Management Group plc's holdings in McDonald's were worth $4,518,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Mascagni Wealth Management Inc. bought a new stake in shares of McDonald's during the fourth quarter worth approximately $25,000. Atala Financial Inc bought a new stake in McDonald's in the fourth quarter valued at about $26,000. Pinney & Scofield Inc. bought a new stake in McDonald's in the fourth quarter valued at about $29,000. Fairway Wealth LLC increased its holdings in McDonald's by 110.0% in the fourth quarter. Fairway Wealth LLC now owns 105 shares of the fast-food giant's stock valued at $30,000 after purchasing an additional 55 shares during the last quarter. Finally, GKV Capital Management Co. Inc. bought a new stake in McDonald's in the fourth quarter valued at about $30,000. 70.29% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other McDonald's news, insider Joseph M. Erlinger sold 939 shares of the firm's stock in a transaction that occurred on Monday, June 23rd. The stock was sold at an average price of $288.52, for a total value of $270,920.28. Following the completion of the transaction, the insider directly owned 10,222 shares in the company, valued at $2,949,251.44. This trade represents a 8.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders sold 2,817 shares of company stock valued at $865,843 in the last ninety days. 0.25% of the stock is owned by company insiders.

McDonald's Stock Performance

McDonald's stock traded down $0.83 during mid-day trading on Friday, reaching $293.80. The company's stock had a trading volume of 1,678,645 shares, compared to its average volume of 3,538,951. The company has a market capitalization of $210.08 billion, a price-to-earnings ratio of 25.93, a price-to-earnings-growth ratio of 3.07 and a beta of 0.53. McDonald's Corporation has a 12 month low of $243.53 and a 12 month high of $326.32. The business's 50 day simple moving average is $306.11 and its 200 day simple moving average is $302.44.

McDonald's (NYSE:MCD - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share for the quarter, meeting the consensus estimate of $2.67. The company had revenue of $5.96 billion during the quarter, compared to analysts' expectations of $6.17 billion. McDonald's had a negative return on equity of 195.27% and a net margin of 31.75%. McDonald's's revenue for the quarter was down 3.5% compared to the same quarter last year. During the same quarter last year, the company earned $2.70 EPS. As a group, sell-side analysts expect that McDonald's Corporation will post 12.25 EPS for the current year.

McDonald's Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were paid a $1.77 dividend. The ex-dividend date was Monday, June 2nd. This represents a $7.08 dividend on an annualized basis and a yield of 2.41%. McDonald's's dividend payout ratio is 62.49%.

Wall Street Analysts Forecast Growth

MCD has been the subject of a number of recent analyst reports. Argus cut McDonald's from a "buy" rating to a "hold" rating in a research note on Friday, June 13th. Redburn Atlantic restated a "sell" rating and issued a $260.00 price objective (down previously from $319.00) on shares of McDonald's in a research report on Tuesday, June 10th. Truist Financial set a $350.00 price objective on shares of McDonald's in a research report on Friday, May 2nd. Northcoast Research cut shares of McDonald's from a "buy" rating to a "neutral" rating in a research report on Tuesday, May 6th. Finally, Erste Group Bank downgraded McDonald's from a "strong-buy" rating to a "hold" rating in a report on Saturday, May 24th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, McDonald's presently has an average rating of "Hold" and an average target price of $321.17.

McDonald's Company Profile

McDonald's Corp. engages in the operation and franchising of restaurants. It operates through the following segments: U.S., International Operated Markets, and International Developmental Licensed Markets and Corporate. The U.S. segment focuses its operations on the United States. The International Operated Markets segment consists of operations and the franchising of restaurants in Australia, Canada, France, Germany, Italy, the Netherlands, Spain, and the U.K.